Gujarat, Himachal Pradesh Exit Poll Results 2022 predict big win for BJP: How will this impact Stock Market? Anil Singhvi answers

Gujarat, Himachal Pradesh Exit Poll Results 2022 predict big win for BJP: Exit polls have predicted a big majority for the BJP in Gujarat and a dead heat in Himachal Pradesh where most pollsters gave an edge to the ruling party over the Congress.

The counting of votes in both states will take place on December 8. Elections for the Himachal Pradesh assembly took place on November 12, while polling in Gujarat happened in two phases, on December 1 and 5.

A sweeping victory for Bharatiya Janata Party (BJP) will add colours to the already buoyant sentiments on Stock market. Zee Business Managing Editor Anil Singhvi said, "There's a clear sentiment in the market that BJP is returning to power in Gujarat. Although, Delhi MCD Elections don't have much relevance but yes they are in the news this time."

"Himachal Pradesh has a history of voting out the incumbent. However, pollsters gave an edge to the ruling party BJP this time," he added. 

All exit polls predicted a big mandate for the BJP in Gujarat in the range of 117-151 seats in the 182-member assembly, while the Congress was predicted to bag seats in the range of 16-51. The Aam Aadmi Party was projected to bag anything between two and 13 seats. The majority mark in Gujarat is 92.

Anil Singhvi noted, "As far as the market is concerned if BJP loses in both Gujarat and Himachal Pradesh assembly elections, that mandate will have more impact, but Gujarat is BJP's home turf, and BJP is likely to to return with a bigger mandate."

He opined, "The sentiment is positive because the market needs continuity in policies and stability. If BJP wins both in Gujarat and Himachal Pradesh and fares better in Delhi MCD Elections, then the market reaction on December 8 will be better. However, as of now it's neutral to high positive reaction based on Exit poll results 2022."

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In Himachal Pradesh, the exit polls projected a range of 24-41 seats for the BJP and 20-40 seats for the Congress. The majority mark is 35 seats. While the Aaj Tak-Axis My India predicted 129-151 seats for the BJP, 16-30 seats for the Congress and 9-21 seats for the Aam Aadmi Party in Gujarat, ABP News C-Voter predicted 128-140 seats for the BJP, 31-43 for the Congress and 3-11 for AAP.

According to Zee News-BARC, BJP was expected to get 35-40 in Himachal Pradesh while Congress was likely to bag 20-25. For the Municipal Corporation of Delhi polls, most exit polls predicted a huge win for the AAP over the BJP with the Congress being a distant third.

News 24-Today's Chanakya also predicted a huge majority for the BJP in Gujarat with its survey stating that the BJP was likely to get 150, Congress 19 and AAP 11. News X-Jan Ki Baat exit poll on Gujarat elections said the BJP was likely to get 117-140 seats, Congress-NCP 34-51, AAP 6-13 and others 1-2.

Republic TV P-MARQ predicted the BJP would bag 128-148 seats, the Congress-NCP 30-42, AAP 2-10 and others 0-3 seats. 

For Himachal Pradesh, Aaj Tak-Axis My India predicted a close contest between the Congress and the BJP. It said the BJP would get 24-34 seats and the Congress 30-40 seats. News 24-Today's Chanakya also pointed to a cliffhanger in Himachal Pradesh, predicting 33 seats for both the BJP and the Congress with a margin of plus-minus seven seats for both.

While ABP News C-Voter said the BJP was likely to get 33-41 seats and Congress 24-32, India TV predicted that the BJP would bag 35-40 seats, Congress 26-31 and AAP zero. News X-Jan Ki Baat survey said the BJP was likely to get 32-40 seats in the hill state, Congress 27-34 and AAP zero.

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